Tamarack Valley Energy Ltd (TVE) Receives C$5.88 Average PT from Brokerages
Tamarack Valley Energy Ltd (TSE:TVE) has received a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$5.88.
Several brokerages have weighed in on TVE. National Bank Financial lifted their price target on shares of Tamarack Valley Energy from C$6.50 to C$6.75 and gave the company an “outperform” rating in a report on Thursday, September 20th. Royal Bank of Canada lowered their price target on shares of Tamarack Valley Energy from C$5.50 to C$5.00 and set a “sector perform” rating on the stock in a report on Thursday, November 8th. Eight Capital lifted their price target on shares of Tamarack Valley Energy from C$6.50 to C$7.00 in a report on Friday, August 10th. CIBC lifted their price target on shares of Tamarack Valley Energy from C$6.00 to C$6.25 in a report on Friday, July 20th. Finally, Desjardins lifted their price target on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a report on Friday, August 10th.
Shares of TVE traded up C$0.01 on Thursday, reaching C$2.53. The company’s stock had a trading volume of 2,027,249 shares, compared to its average volume of 1,025,418. The company has a debt-to-equity ratio of 21.30, a current ratio of 0.51 and a quick ratio of 0.46. Tamarack Valley Energy has a 12-month low of C$2.31 and a 12-month high of C$5.20.
In other news, Director Jeff Boyce sold 90,000 shares of Tamarack Valley Energy stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of C$5.05, for a total transaction of C$454,500.00. Also, insider David Keith Christensen sold 25,000 shares of Tamarack Valley Energy stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of C$5.15, for a total transaction of C$128,750.00.
About Tamarack Valley Energy
Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in Cardium light oil plays in Wilson Creek/Alder Flats/Pembina, and Garrington and Lochend areas in Alberta; Viking light oil resource plays in Redwater and Westlock in Alberta, as well as in the Consort area of southeast Alberta and Hoosier area of southwest Saskatchewan; Barons Sands light oil plays located in the Penny area of Southern Alberta; and heavy oil properties located in Hatton area of Saskatchewan.
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